1124-Purchase and Sales Documents

Licensing

1. The IT (HS) classifications apply only to importing goods, not exporting. T
2. It is compulsory to get a license to import any sort of goods into the US. F
3. Customs create the regulations for importing and exporting. F
4. Most exporters in the US do not need a license. T
5. An import license is considered as a barrier to trade. T
6. An US exporter of chemical subtance will probably need an export license. T
7. Import items subject to the Food and Drugs Administration in the US will always need a license. T
8. There is only one governmental agency/office concerned with the issuing of import and export licenses. F
9. It is obligatory to get a surety bond if you are to become an importer in the USA. F

Identifying International Trade Documents

1. Pro Forma Invoice = G
2. Bill of Lading = G
3. Airway Bill = S
4. Commercial Invoice = G
5. Consular Invoice = S
6. Certificate Invoice= G
7. Certificate of Origin = S
8. Packing List = G
9. Specification Sheet = G
10. Health, Sanitary, Phytosanitary, Veterinary certificate = S
11. Quality Inspection Certificate = G
12. Dispatch Advice Note = G
13. Dangerous Goods Declaration = G
14. Export Consignment Note = G
15. Export License = S
16. Import License = S